PROSPECT CAPITAL CORP (PSEC)
US74348T1025 - Common Stock
PROSPECT CAPITAL CORP
NASDAQ:PSEC (9/17/2024, 5:27:19 PM)
After market: 5.4 0 (0%)5.4
-0.09 (-1.64%)
Company Profile
Prospect Capital Corp., a traded business development company invests in middle market companies located in the United States. The company is headquartered in New York City, New York. The company went IPO on 2004-07-27. The Company’s investment objective is to generate both current income and long-term capital appreciation through debt and equity investments. The company invests primarily in senior and subordinated debt and equity of private companies in need of capital for acquisitions, divestitures, growth, development, recapitalizations and other purposes. The company invests primarily in first and second lien secured loans and unsecured debt, which in some cases includes an equity component. The company invests in debt and equity positions of structured credit, which are a form of securitization in which the cash flows of a portfolio of loans are pooled and passed on to different classes of owners in various tranches. The company may also acquire controlling interests in companies in conjunction with making secured debt investments in such companies. Its investment adviser is Prospect Capital Management L.P.
Company Info
PROSPECT CAPITAL CORP
10 E 40th St Fl 44
New York City NEW YORK 10016
P: 12124480702
CEO: John F. Barry
Employees: 0
Website: https://www.prospectstreet.com/
PSEC News
7 days ago - Market News VideoProspect Capital's Series A Preferred Stock Shares Cross 7% Yield Mark18 days ago - BloombergWells Fargo Cuts Prospect’s Target After Heated Earnings CallWells Fargo & Co. cut its price target on Prospect Capital Corp., an $8 billion publicly traded private credit fund, over the risk of further dilution for existing shareholders.
18 days ago - Yahoo FinanceWells Fargo analyst cuts target on Prospect Capital one day after berating by CEOFinian O’Shea, an analyst from investment bank Wells Fargo, has trimmed the price target on Prospect Capital Corporation (NASDAQ:PSEC) a day after the company’s CEO and founder, John F. Barry III, lashed out at him during a quarterly earnings call. The analyst and CEO bickered on the company's earnings call on Thursday after O’Shea asked under what circumstances the company would force the conversion of some of its preferred stock into common shares. O’Shea has now reduced Prospect Capital’s stock price target to $4.50 from $5.00 and retained the stock's Underweight rating.
19 days ago - BloombergProspect CEO Lashes Out at Wells Fargo Analyst on Earnings CallProspect Capital Corp.’s CEO and founder John F. Barry III lashed out at a Wall Street analyst during a quarterly earnings call, defending the investment firm’s track record and blasting some of the analyst’s questions as “absurd.”
20 days ago - Prospect Capital CorporationProspect Capital Announces June 2024 Financial Results and Declares 86th Consecutive $0.06 Dividend20 days ago - Prospect Capital CorporationProspect Capital Announces June 2024 Financial Results and Declares 86th Consecutive $0.06 DividendNEW YORK, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”, “our”, or “we”) today announced financial results...
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